10 Must-Watch AI Stocks Dominating Headlines

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On February 5th, DBS analyst Sachin Mittal maintained their bullish stance on the stock, giving a “Buy” rating. Mittal’s buy rating stems from the company’s strong performance in its cloud and services segments, and its advances in AI technologies. The Google platform has demonstrated significant growth potential, and margins are expected to improve further, especially compared to rivals like AWS and Azure. The firm is optimistic that integrating generative AI into Alphabet’s search engine will enhance its monetization capabilities and reinforce its dominant position in the search market. Another factor that is seen as a positive for Alphabet is its delay in phasing out third-party cookies, enabling it to develop and test new privacy solutions that could maintain ad effectiveness.